ORCC Named Among Top 100 Global Providers of Financial Technology for Ninth Consecutive Year
WASHINGTON--(BUSINESS WIRE)-- Online Resources Corporation (Nasdaq: ORCC) , a leading provider of financial technology services, today announced that it was honored for the ninth consecutive year as a technology leader on the 2012 FinTech 100 list by American Banker, Bank Technology News, and IDC Financial Insights. The company ranked 62nd in this annual listing of technology companies that derive more than one-third of their revenue from the financial services industry.
"This past year has been very successful for ORCC," said Joseph Cowan, president of ORCC. "We have undergone complex infrastructure upgrades, invested in skilled talent to continue to execute on our corporate growth strategy, and continued to thrive in a challenging economic environment. Being ranked on the FinTech 100 is not only an honor, but further underscores our leadership as a top provider in the payments industry."
This year has brought tremendous growth for ORCC. The company recently opened an office in Metro Atlanta, gaining the capacity to recruit more than 20 payments professionals. The company also celebrated the one-year anniversary of its Bangalore, India office and the addition of 80 new employees to support ORCC's existing products and solutions while developing new systems and technologies. Both offices will increase the capabilities and delivery options of its banking and bill pay solutions, further solidifying the company as a technology leader in the financial technology space.
In addition, ORCC announced two new products from BAI Retail Delivery yesterday, including Architect Banking 2.0, the company's latest digital banking solution, and its Reseller Essentials platform, a high-value, easy, and quick-to-implement payment service. Architect 2.0 boasts an updated user experience, new features, and value-added services to deliver even more personalization and improve customer loyalty. With Reseller Essentials, ORCC's reseller partners can now manage clients by providing a single application that houses multiple client payment solutions. The single application allows for fast implementations while enabling biller clients to configure the branding, payment channel, and other aspects of its solution.
The FinTech 100 ranking is compiled by American Banker, Bank Technology News, and IDC Financial Insights. 2012 marks the ninth consecutive year that IDC Financial Insights and Source Media have joined forces for this ranking, which is highlighted as a Special Report in this month's issue of American Banker and in Bank Technology News. For more information about the FinTech rankings, visit www.financial-insights.com/fintech. To view the FinTech Special report, visit www.AmericanBanker.com/fintech100.
ORCC and other award honorees highlighted on this prestigious roster were recognized at an industry event held during the 2012 BAI Retail Delivery Conference & Expo. ORCC is showcasing its technology solutions in booth #1453 at the BAI Conference this week in Washington, D.C.
About Online Resources Corporation
Online Resources Corporation (NAS: ORCC) powers financial interactions between millions of consumers and the company's financial institution and biller clients. Backed by its proprietary payments gateway that links banks directly with billers, the company provides web and phone-based financial services, electronic payments, and marketing services to drive consumer adoption. Founded in 1989, ORCC is the largest financial technology provider dedicated to the online channel. For more information, visit www.orcc.com.
This news release contains forward-looking statements based on Online Resources Corporation management's current expectations and beliefs and a number of assumptions concerning future events made with information that is currently available. The words "will," "would," "may," "should," "estimate," "project," "forecast," "intend," "expect," "believe," "target," "designed," "plan," and similar expressions are intended to identify forward-looking statements. Readers are cautioned not to place undue reliance on such forward-looking statements, which are not a guarantee of any results or performance and are subject to a number of known and unknown risks, uncertainties and other factors which could cause actual performance or results to differ materially and adversely from any results or performance expressed or implied by such forward-looking statements. Certain factors that might cause such a difference include, but are not limited to: a history of losses and anticipation of future losses; potential fluctuations in operating results; dependence on the marketing efforts of third parties; potential loss of one or more material clients; potential need for additional capital; potential inability to prevent systems failures and security breaches; potential inability to expand certain services and products in the event of a substantial increase in demand for such services and products; competitive pressures; ability or inability to attract and retain skilled personnel; reliance on patents and other intellectual property; potential change in the rate of user adoption of certain products and services; exposure to consolidation in the financial services industry; and government regulatory developments. For a more detailed description of the factors that could cause suchdifferences, readers are advised to review Online Resources Corporation's latest filings with the Securities and Exchange Commission, including (but not limited to) the information provided under the heading "Risk Factors" in our latest Annual Report on Form 10-K (which filings are available, among other places, from the SEC's EDGAR database atwww.sec.govand via the Company's website atwww.ORCC.com). Online Resources assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Online Resources, ORCC and the Online Resources logo are trademarks of Online Resources Corp. Other company and product names and logos used in this release are the trademarks of their respective owners.
Media Contact for ORCC
Mary York Cox, 678-781-7217
Michael Touchton, 678-781-7215
KEYWORDS: United States North America District of Columbia
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